Vacation Cap Sample Clauses

Vacation Cap. No employee may accrue more than 250 hours vacation leave. Vacation accruals will resume once the employee’s accumulated vacation balance falls below the allowable cap limit. Employees may, for special situations (i.e., extended medical leave), request an increase in their cap. Each request would need to be in writing, submitted through the department, and receive the approval of the Police Chief and the City Manager. Such requests would be reviewed on a case-by-case basis and would be evaluated based on the reason for the request. This additional vacation accrual could not exceed one-half of the employee’s regular annual vacation accrual. In no case would the addition over the cap be extended beyond one additional year.
AutoNDA by SimpleDocs
Vacation Cap. The vacation cap shall be two (2) times the employee’s annual vacation accrual rate. Thereafter, at any time an employee reaches the maximum accrual, the employee will cease accruing vacation hours until such time as the balance falls below the cap. No employee will be allowed to accrue vacation hours above the cap, unless an employee has a worked related injury and is on 4850.
Vacation Cap. No employee shall be permitted to accrue vacation in an amount greater than that which the employee earns in eighteen (18) pay periods (the employee's "vacation cap amount"). Once the employee has accrued vacation in an amount equal to the employee's vacation cap amount, the employee shall cease to accrue vacation until the employee uses vacation in an amount sufficient to reduce the employee's accumulated vacation balance below the employee's vacation cap amount. All appropriate adjustments shall be made annually at the end of each fiscal year so that the employee's earned vacation balance carried forward to the next fiscal year shall not exceed the employee's "vacation cap amount." (See also Section 5.0 below.)
Vacation Cap. The vacation cap shall be waived for the 2019-2020 School Year.
Vacation Cap. The Agency encourages employees to annually take their vacation leave. An employee can accrue a maximum of 320 hours of vacation leave. Once an employee has accumulated 320 hours of vacation leave, they will not earn additional vacation leave time until his/her vacation leave balance is below 320 hours. Once per calendar year, due to unique or special circumstance, an employee may request to sell up to one (1) week of accrued vacation leave. The General Manager will review and consider each request.
Vacation Cap. Employees who are at or above the three (3) year vacation cap imposed by the AEA Agreement, needing to return to a vacation accrual level below the maximum vacation accrual cap, may take advantage of a one-time option to either be paid the cash value of the accrued value of their accrued vacation hours in excess of the Three (3) year cap, or have the cash value deposited into their 457 Plan (subject to statutory contribution limits). An employee may sell up to 80 hours of vacation accruals under the maximum three (3) year vacation cap. The cash value will be determined based upon the employee’s salary rate in effect at the time the cash out occurs. Thereafter vacation accrual will be subject to the maximum vacation accrual cap. Once an employee has reduced their vacation cap to 80 hours below the cap, they may not sell back additional accruals under Section 23.06, below.
Vacation Cap. “If Employee has accumulated more than 360 hours of vacation as of the last pay period in April of any year, he shall be paid in cash at a rate equal to 100% of his current hourly pay rate for all hours in excess of 360. The payment will be included with the paycheck for the first pay period in May.” Shall be suspended through June 26, 2021.
AutoNDA by SimpleDocs
Vacation Cap. 1. EMPLOYEES may accumulate unused vacation up to, but not exceeding, 480 hours. 2. EMPLOYEES with ten (10) years of continuous uninterrupted service may accumulate unused vacation up to, but not exceeding, 560 hours. 3. Employees will not accrue vacation leave after the cap is reached, except if there is documented denial of the EMPLOYEE’S request for use of vacation within the preceding 12 months. The cap will be extended by the amount of leave denied for an additional one year from date of denial. 4. EMPLOYEES have the option of cash reimbursement for unused paid vacation at any time during employment provided the EMPLOYEE has a balance of at least 80 hours after cash out. The minimum amount to be cashed out will be 40 hours. EMPLOYEES must have taken 80 hours of vacation leave during the previous year (26 pay periods) to qualify for cash reimbursement.
Vacation Cap. Unit members anticipated to have more than four-hundred and eighty (480) hours of accumulated vacation at the end of the fiscal year will be required to reduce their balance to less than four-hundred and eighty (480) hours. Unit members shall meet with a supervisor to attempt to schedule time off.
Vacation Cap. Vacation may not be accrued in excess of two times Fire Chief's annual accrual rate. Fire Chief will cease to accrue vacation once he has accrued two times his annual vacation accrual until such time as his accrued vacation is reduced below this limit.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!